Should you pay points on your 30 year fixed rate loans?  Borrowers who go for long term fixed rate loans are usually looking for a loan they can keep for the "long haul".  They want the security of a rate that won't change so they can concentrate on paying down their principal and owning their home "free and clear".  Paying points up front lowers the interest rate for the entire 30 years and saves thousands of dollars in interest.  Is paying up front points right for you?  Call Richard at (800) 808-0388 and find out.  We will calculate your "break even" period for you and explain how you can use this information to make the right choice.  Give us a chance to help you and you'll learn why nobody does fixed rate loans better than Western Lending.  

If you're serious about paying off your home and you have the determination to stick to your goal the 30 year fixed rate loan may be just what the doctor ordered!

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This is the hottest new loan out there.  I mean it!  Think about it.  The reason people are so into 5 year interest only loans is because they get the security of a fixed rate AND the lower payment of an interest loan.  Since many borrowers don't need a home loan for more than five years these loans are a great fit.  Now, we also have 7 and 10 year interst only deals too but get this.  The interest rate on this new 30 year fixed with 10 years of interest only payments is LOWER than the rate on the 7 year interest only loan!

If you are a "conservative" borrower who really intends to keep your loan for the long haul and you can see a benefit in having an interest only option for the next 10 years than this loan may be for you.  The interest rate premium is only .25% above our regular 30 year fixed rate loan so it's easy to see that the benefit of the interest only payments is available at a very modest cost.

Is a 30 year fixed rate loan with an interest only option for 10 years right for you?  Call Richard at (800) 998-7875 to find out.  I'm always happy to speak with you.

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Want the thousands of dollars of savings you get on a fifteen year loan but don't like the higher payment?  The twenty year fixed rate loan may be the perfect compromise!.  With payments not much higher than a thirty year fixed the twenty year fixed will save you almost as much in interest as the fifteen year loan. 

Should you pay points on your 20 year fixed rate loan?  Borrowers who go for long term fixed rate loans are usually looking for a loan they can keep for the "long haul".  They want the security of a rate that won't change so they can concentrate on paying down their principal and owning their home "free and clear".  Paying points up front lowers the interest rate for the entire 20 years and saves thousands of dollars in interest.  Is paying up front points right for you?  Call Richard at (800) 808-0388 and find out.  We will calculate your "break even" period for you and explain how you can use this information to make the right choice.  Give us a chance to help you and you'll learn why nobody does fixed rate loans better than Western Lending.  

Our twenty year fixed rate loan is just the ticket to knock ten years and thousands of dollars of interest off the cost of a thirty year loan

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Possibly the "smartest" loan in the industry the fifteen year fixed rate loan pays itself down in half the time of a thirty year fixed rate loan with nowhere near double the monthly payment. 

Should you pay points on your 15 year fixed rate loan?  Borrowers who go for long term fixed rate loans are usually looking for a loan they can keep for the "long haul".  They want the security of a rate that won't change so they can concentrate on paying down their principal and owning their home "free and clear".  Paying points up front lowers the interest rate for the entire 15 years and saves thousands of dollars in interest.  Is paying up front points right for you?  Call Richard at (800) 808-0388 and find out.  We will calculate your "break even" period for you and explain how you can use this information to make the right choice.  Give us a chance to help you and you'll learn why nobody does fixed rate loans better than Western Lending.  

If you're really serious about paying your home off and owning it free and clear this is the loan for you!

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If the Fifteen year fixed is the "smartest" loan in the industry then the Ten year fixed has to be the "boldest".  For very little more than the amount of the fifteen year loan payment you can pay the entire loan off in only ten years. 

Should you pay points on your 10 year fixed rate loan?  Borrowers who go for long term fixed rate loans are usually looking for a loan they can keep for the "long haul".  They want the security of a rate that won't change so they can concentrate on paying down their principal and owning their home "free and clear".  Paying points up front lowers the interest rate for the entire 10 years and saves thousands of dollars in interest.  Is paying up front points right for you?  Call Richard at (800) 808-0388 and find out.  We will calculate your "break even" period for you and explain how you can use this information to make the right choice.  Give us a chance to help you and you'll learn why nobody does fixed rate loans better than Western Lending.  

If you want to own your home free and clear in not much longer than it takes to pay off your car then the ten year fixed rate loan is the "Power loan" for you!

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Want the security of a fixed rate loan but only plan on being in the house three years or less?  The 3/1 interest only A.R.M. could be the way to go.  This loan is amortized (scheduled) over thirty years with low interest only payments for the first 3 years.  This allows the lender to give you a low fixed rate and the lowest payment available with NO NEGATIVE AMORTIZATION!  you save money every month!  Is the 3/1 interest only A.R.M. right for you?  Call Richard at (800) 808-0388 and let us help you make the right choice.

Want the security of a fixed rate loan but only plan on being in the house three years or less?  The 3/1 interest only A.R.M. could be the way to go.  This loan is amortized (scheduled) over thirty years with low interest only payments for the first 3 years.  This allows the lender to give you a low fixed rate and the lowest payment available with NO NEGATIVE AMORTIZATION!  you save money every month!  Is the 3/1 interest only A.R.M. right for you?  Call Richard at (800) 808-0388 and let us help you make the right choice.

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Want the security of a fixed rate loan but only plan on being in the house five years or less?  The 5/1 interest only A.R.M. could be the way to go.  This loan is amortized (scheduled) over thirty years with low interest only payments for the first 5 years.  This allows the lender to give you a low fixed rate and the lowest payment available with NO NEGATIVE AMORTIZATION!  you save money every month!  Is the 5/1 interest only A.R.M. right for you?  Call Richard at (800) 808-0388 and let us help you make the right choice.

5/1 Interest only A.R.M.'s are the perfect loan for borrowers who want the security of a fixed rate and a the lowest possible payment with NO NEGATIVE AMORTIZATION.  Is negative amortization always bad for you?  Call and talk to Richard.  You may be surprised by the answer. (800) 808-0388

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Do you like the idea low interest only payments but plan on being in your home more than five years?  The 7/1 interest only A.R.M. could be the way to go.  This loan is amortized (scheduled) over thirty years with low interest only payments for the first 7 years.  This allows the lender to give you a low fixed rate and the lowest payment available with NO NEGATIVE AMORTIZATION!  you save money every month!  Is the 7/1 interest only A.R.M. right for you?  Call Richard at (800) 808-0388 and let us help you make the right choice.

7/1 ARM's are perfect for borrowers who want a five year fixed but are afraid they may get stuck in the house an extra year

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This is a brand new loan that was introduced as a result of the mortgage meltdown.  "Jumbo Loans" those over the Fannie Mae limit ($417,000.00 in most areas for a single family home) all but disappeared when the you know what hit the fan.  Interest rates on "Jumbos" went from just slightly higher than a standard conforming loan to 2 or three points higher.  The reason this happened (and is still happening) is that the market for those loans is Wall Street and they are still reeling from the losses on the loans they have.  They still don't know the full extent of the damage and they are certainly not interested in buying any more of these loans until they know how badly they are hurt.  The fact that the underwriting of home loans has tightened up severely has not yet convinced the secondary market that it's safe to go back in the water.

To try to help stranded homeowners who needed to refinance loans over $417,000.00 Congress increased the maximum loan Fannae Mae and Freddie Mac could insure to a temporary limit of up to $729,000.00.  In the industry we are calling this new loan a "conforming jumbo" and it's a life saver for many borrowers.  If you need between $417,000.00 and $729,000.00 this loan can save your bacon.  Better hurry though.  This loan limit goes away at the end of the year.  The legislation just passed will cap the "conforming jumbo" at $625,000.00

Is all of this stuff giving you a headache?  It's going to get worse before it gets better.  That's why you have me.  Call (800) 808-0388 and as for Richard.  I will use all of my knowledge and years of experience to assist you.

Trust me, you do not want a jumbo 30 year fixed rate loan right now.  Why?  Just look at the rates.  They could choke an elephant.  When the mortgage meltdown hit the market for these loans (we call it the secondary market) dried up.  The only way lenders can sell these loans right now is at these extreemly high rates.  If you were to take a 30 year jumbo now you will almost certainly refinance it when the market settles down.  Why pay for time you are not going to use?  Call me at (800) 808-0388 and let's look at other options. 

By analyzing your situation and helping you explore all of your options we will do our best to get you through these troubled times.  Jus call Richard at (800) 808-0388 to get started.

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This is a brand new loan that was introduced as a result of the mortgage meltdown.  "Jumbo Loans" those over the Fannie Mae limit ($417,000.00 in most areas for a single family home) all but disappeared when the you know what hit the fan.  Interest rates on "Jumbos" went from just slightly higher than a standard conforming loan to 2 or three points higher.  The reason this happened (and is still happening) is that the market for those loans is Wall Street and they are still reeling from the losses on the loans they have.  They still don't know the full extent of the damage and they are certainly not interested in buying any more of these loans until they know how badly they are hurt.  The fact that the underwriting of home loans has tightened up severely has not yet convinced the secondary market that it's safe to go back in the water.

To try to help stranded homeowners who needed to refinance loans over $417,000.00 Congress increased the maximum loan Fannae Mae and Freddie Mac could insure to a temporary limit of up to $729,000.00.  In the industry we are calling this new loan a "conforming jumbo" and it's a life saver for many borrowers.  If you need between $417,000.00 and $729,000.00 this loan can save your bacon.  Better hurry though.  This loan limit goes away at the end of the year.  The legislation just passed will cap the "conforming jumbo" at $625,000.00

Is all of this stuff giving you a headache?  It's going to get worse before it gets better.  That's why you have me.  Call (800) 808-0388 and as for Richard.  I will use all of my knowledge and years of experience to assist you.

While the rates on standard 15 year jumbo loans aren't quite as high as those on the 30 year jumbos they are still prety ugly  When the mortgage meltdown hit the market for these loans (we call it the secondary market) dried up.  The only way lenders can sell these loans right now is at these extreemly high rates.  If you were to take a 15 year jumbo now you will almost certainly refinance it when the market settles down.  Why pay for time you are not going to use?  Call me at (800) 808-0388 and let's look at other options. 

By analyzing your situation and helping you explore all of your options we will do our best to get you through these troubled times.  Jus call Richard at (800) 808-0388 to get started.

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Do you like the idea low interest only payments but plan on being in your home more than five years?  The 5/1 interest only A.R.M. could be the way to go.  This loan is amortized (scheduled) over thirty years with low interest only payments for the first 5 years.  This allows the lender to give you a low fixed rate and the lowest payment available with NO NEGATIVE AMORTIZATION!  you save money every month!  Is the 5/1 interest only A.R.M. right for you?  Call Richard at (800) 808-0388 and let us help you make the right choice.

the 5/1 Super Conforming ARM is a valuable tool when you are trying to maximize your borrowing power while keeping your payments under control.